California, Florida, Nevada and Arizona, the sand states, continue to lead foreclosures in metropolitan areas, according to the year-end 2009 Metropolitan Foreclosure Market Report from RealtyTrac.
For 2009, the four states account for all of the Top 20 metropolitan foreclosure areas.
Outside of these four states, the only city in the top 25 was Boise, Idaho. There, 4.6% of its housing units received a foreclosure filing. Foreclosures in such areas, outside the sand states, are inching up, RealtyTrac finds. Provo, UT, Fayetteville, AR, Portland, OR, and Rockford, IL, all posted foreclosure rates above the U.S. average in 2009. With 2009 foreclosure rates at or below the U.S. average, Honolulu, Minneapolis and Seattle saw foreclosure activity increase at more than twice the national pace over the past 12 months.
